Singapore markets close in 40 minutes
  • Straits Times Index

    -1.08 (-0.04%)
  • Nikkei

    -65.79 (-0.23%)
  • Hang Seng

    -103.14 (-0.35%)
  • FTSE 100

    -43.52 (-0.65%)

    -2,581.27 (-5.19%)
  • CMC Crypto 200

    -45.65 (-4.62%)
  • S&P 500

    -51.25 (-1.34%)
  • Dow

    -345.95 (-1.11%)
  • Nasdaq

    -274.28 (-2.11%)
  • Gold

    -8.70 (-0.51%)
  • Crude Oil

    +0.81 (+1.27%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • FTSE Bursa Malaysia

    +16.61 (+1.05%)
  • Jakarta Composite Index

    -32.05 (-0.51%)
  • PSE Index

    -1.12 (-0.02%)

Global Bearing Market worth $143.53 billion by 2027: Allied Market Research

Allied Market Research
·5-min read

Increase in implementation of bearing in electric vehicles, railway, and rolling mills along with utilization in automotive electrification, motors, and continuously variable transmission (CVT) fuel the growth of the global bearing market. Asia-Pacific held the highest market share in 2019, and will maintain its lead status during the forecast period. The lockdown restrictions have shut down manufacturing facilities and brought disruption in supply chain.

Portland, OR, Jan. 15, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global bearing market generated $107.46 billion by 2019, and is estimated to garner $143.53 billion by 2027, witnessing a CAGR of 6.1% from 2020 to 2027. The report offers a detailed analysis of changing market dynamics, top investment pockets, major segments, pricing strategies, key winning strategies, and competitive scenario.

Rise in utilization of bearing in electric vehicles, railway, and rolling mills along with increase in implementation in motor, automotive electrification, and continuously variable transmission (CVT) drive the growth of the global bearing market. However, variations in raw material prices, high cost of maintenance, and damages in bearing during implementation in electric vehicles hinder the market growth. On the other hand, concerns about green vehicles, developments in the automobile industry, and advent of sensor bearing units present new opportunities in the coming years.

Download Report Sample at

COVID-19 Scenario:

  • The lockdown restrictions have closed down the manufacturing facilities and created disruption in supply chain. This has led to shortage of raw materials.

  • The demand from the automotive industry has been reducing significantly due to closure of production facilities and lowered sale of vehicles. Moreover, electric vehicle production plants have halted the operations due to lockdown, which in turn, reduced the demand.

  • There has been scarcity of workers as majority of workers have returned to their hometowns. Moreover, there will be scarcity as operations resume post-lockdown.

  • The demand would grow steadily as production activities in the automotive industry begin as governments lift off the restrictions imposed to curb the spread.

The report offers a detailed segmentation of the global bearing market based on type, distribution channel, machine type, end use, group, and region.

Get detailed COVID-19 impact analysis on the Bearing Market Request Here!

Based on type, the ball bearing segment accounted for the largest market share in 2019, contributing to more than two-thirds of the total market, and will maintain its dominant share throughout the forecast period. However, the tapered bearing segment is projected to witness the highest CAGR of 6.2% from 2020 to 2027.

Based on machine type, the ICE vehicles segment held the highest share in 2019, contributing to more than two-fifths of the global bearing market, and is estimated to continue its highest contribution throughout the forecast period. However, the electric vehicles segment is estimated to manifest the highest CAGR of 9.8% from 2020 to 2027.

Interested to Procure The Data? Inquire here at

Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for more than two-fifths of the market, and will continue its leadership status throughout the forecast period. However, North America is projected to grow at the fastest CAGR of 7.0% during the forecast period.

Leading players of the global bearing market analyzed in the report include NSK Ltd., NTN Corporation, Schaeffler AG, Iljin Bearing, SKF, JTEKT Corporation, RKB Bearing, Wafangdian Bearing Co., Ltd., Timken, and THK Co. Ltd.

Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at

Similar Reports We Have on Automotive Industry:

Automotive Engine Bearings Market Type (Ball Bearings, Plain Bearings, Roller Bearings, and Others), Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, Two-wheelers, and Passenger Cars), and Sales Channel (OEM and Aftermarket) - Global Opportunity Analysis and Industry Forecast, 2016-2025.

Automotive Bearings Market by Bearing type (Ball Bearing, Roller Bearing, and Others), Distribution Channel (OEM and Replacement), and Vehicle type (PC, LCV, HCV, and Two-Wheelers): Global Opportunity Analysis and Industry Forecast, 2019–2026.

Bearing Market by Type (Ball Bearing and Tapered Bearing), Size (30 to 40, 41 to 50, 51 to 60, 61 to 70 and 70 & above), Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket), Machine Type (ICE Vehicles, Electric Vehicles, Industrial Machinery and Aerospace Machinery), End Use (Automotive, Industrial and Aerospace) and Group (Group 1, Group 2 and Group 3): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Automotive Actuator Market by Product (HVAC Actuators, Headlamp Actuators, Grill Shutter Actuators, Seat Actuators, Brake Actuators, Coolant & Refrigerant Valve Actuators, and Others) and Vehicle Type (Two- & Three-wheelers, Passenger Cars, and Commercial Vehicle) - Global Opportunity Analysis and Industry Forecast, 2014-2025.

E-axle Market by Drive Type (Forward Wheel Drive, Rear Wheel Drive, and All-wheel Drive), Component (Combining Motors, Power Electronics, Transmission, and Others), and Vehicle Type (ICE Vehicle (Passenger & Commercial Vehicles), and Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2018–2025.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975


Allied Market Research Blog:

Follow Us on | Facebook | Twitter | LinkedIn |